Why Staples May Be Popular, But Is Certainly Not Profitable
However, concerns have risen lately regarding the company's unsustainable high returns on invested capital, as other non-traditional office distributors continue to gain market share in the office supply industry.
Trending on the Topix Network
Fri Mar 07, 2014
Investor-Edge.com Most Active Equities Watch List: Staples, Gilead Sciences, Office Depot, and Sprint
The S&P 500 finished the session 0.17% higher at 1,877.03. The gains were broad based with 7 of 10 sectors going up.
Thu Mar 06, 2014
Staples will close 225 stores in US, Canada
As part of a cost-cutting measure, Staples Inc. announced on Thursday that it plans to close 225 stores in the United States and Canada -- about 12 percent of its total footprint -- by the end of 2015.
The Hartford Courant
Staples to shut 225 stores in North America as sales fall
Staples Inc , the largest U.S. office supplies retailer, forecast a fall in current-quarter sales as it loses customers to mass market chains and e-retailers, and the company said it would close up to 225 stores in North America by 2015.
Tue Mar 04, 2014
Midday Market Stats: Dow Jones Industrial Average Up As Russia Backs Down
What's more, the S&P 500 Index skyrocketed out of the gate, notching a record intraday high of 1,871.44.
Mon Mar 03, 2014
Monday 3/3 Insider Buying Report: ANF, ODP
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.
Thu Feb 27, 2014
Will This Upgrade Help Office Depot (ODP) Today?
The firm noted synergy potential, though steep, will drive target changes. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months.
Wed Feb 26, 2014
Morning Movers for Feb. 25, 2014: IMUC, MSO, ZU, CARA, VSI, TSLA,...
Its adjusted earnings came in at $0.10 per share. Cara Therapeutics - up 9% - A quiet period expired this morning, allowing firms which were in on the IPO to begin coverage on the stock.
Tue Feb 25, 2014
Office Depot Offers Disappointing Outlook; InterMune Soars 170% to...
Shares of Office Depot closed down 8.79% on Tuesday, making the stock one of the biggest decliners on the NYSE.
The Washington Post
U.S. Stock Futures Little Changed Before Confidence, Home Data
U.S. stock futures were little changed, after the Standard & Poor's 500 Index climbed to an intraday record yesterday, as investors awaited data on consumer confidence and property prices.
Mid-Day Market Update: US Stocks Mostly Flat; Office Depot Shares Decline On Q4 Results
Midway through trading Tuesday, the Dow traded up 0.04 percent to 16,214.05 while the NASDAQ declined 0.03 percent to 4,291.67.
Office Depot, Inc. Announces Fourth Quarter and Full Year 2013 Results
With our leadership team now in place, we have moved quickly to establish a lean organizational structure with the best talent from across the legacy businesses as well as adding new external leadership.
Movers & Shakers: Tesla motors higher; Office Depot sinks on results
Zulily Inc. surged Tuesday after it reported last quarter's results, while Tesla Motors Inc. continued to accelerate after analysts upped its price target.
UPDATE 1-Office Depot posts surprise loss, shares plunge
Office supply retailer Office Depot Inc reported a surprise quarterly loss as same-store retail sales fell 4 percent in North America, sending its shares reeling.
Office Depot loss widens; margins weaken
Office Depot Inc. said its fourth-quarter earnings loss widened sharply on expenses related to its recent merger with OfficeMax Inc. and other items, as well as weaker margins.
Office Depot posts fourth-quarter loss
Office supply retailer Office Depot Inc reported a net loss for the fourth quarter due to charges associated with its acquisition of rival OfficeMax Inc. The company, which appointed turnaround expert Roland Smith as chief executive in November, reported a net loss of $144 million, or 34 cents per share, for the quarter ended Dec. 28. We welcome ... (more)
Fri Feb 21, 2014
Scottie Pippen selling Fort Lauderdale home for $11.8M
Former Chicago Bulls star Scottie Pippen is selling his Fort Lauderdale home for $11.8 million.
Tue Feb 18, 2014
Starboard Sends Letter to Wausau Board, Says Hoping to Engage in Talks
Starboard Value LP , the largest shareholder of Wausau Paper Corp. with approximately 15.2% of the outstanding common stock of the Company, today announced that it has delivered a letter to the Company's Board of Directors.
Fri Feb 14, 2014
New Office Depot CEO buys Boca Raton house
Office Depot CEO Ronald C. Smith decided to keep the company's headquarters in Boca Raton, and now he owns a home in the city, as well.
Thu Feb 13, 2014
Short Sellers Pick Up Some Avon And GameStop
In the final two weeks of January, when it had become clear how the holiday shopping season had shaken out and the markets seemed to be undergoing a correction, Avon Products , GameStop and Office Depot saw significant upswings in short interest.